Tips for the Newly Licensed Realtor – Everything You Need to Know Before Starting
Did you know that the vast majority of real estate transactions are consummated on a handshake? It’s true. Even if you’ve been out of the business for a while, it’s good to keep in touch with your past. The laws have changed, regulations have become more stringent and processes have become more streamlined. Unfortunately for sellers, these same things can make real estate transactions considerably more difficult and expensive than they need to be. But don’t worry! There are some things that you can do to make the process easier and reduce your costs as much as possible. After years of experience, I have compiled five insider tips that will help increase your chances of closing on time and under budget. So follow along as I tell you everything you need to know about being a successful property agent once again!
Don’t Be afraid to ask for a referral
Every real estate transaction is different. Some will work out great, others will not. But the key is to get yourself in touch with the right people. Reach out to your past colleagues, your classmates from school, your family and friends. Ask them to recommend real estate professionals who can help with their Real Estate projects. This is going to help you tremendously because you never know who you can call on when you’re in need of help. If someone you know has just closed on a house, they can probably lend you a helpful ear. Once you have a list of names, you can call them and ask if they’re available to show. This may sound like a simple request, but it’s the difference between closing on time and under budget. And it has enormous benefits for both you and the seller.
Hire an assistant
Real estate can be a very daunting, complicated and expensive profession. Even the best real estate agents can’t help you get through the process alone. So what’s a seller to do? You can always opt to hire an assistant. People who are legally allowed to work in the U.S. and Canada as a real estate agent are known as “housekeepers”. Typically, these are people with experience as office employees who can help you reach closing on time and under budget. You can usually search online to find local housekeepers who are willing to work for low rates. You can also call many real estate offices and see if anyone can help out. Hiring an assistant can save you a significant amount of time and money. Not only do you no longer have to spend the time and effort looking for clients, but you can also streamline the process by managing multiple tasks at once.
Don’t be afraid to leverage your network
Real estate is all about leverage. We all make contacts throughout our lives, either through work, school or through friends. By leveraging these, you can greatly reduce the amount of time and money it takes to close on a house. All you need to do is open up your network and reach out to those people who have the same type of interests as you. People in the same city, neighborhood, state or even country. By leveraging your network, you can often negotiate reduced rates on new homes and get better terms when buying an existing house. Reach out to your former co-workers, classmates and anyone else who has similar interests to yours. By bringing them on board, you’re also bringing a ton of value to the table. They may be willing to help out with data entry, marketing or even showings if you need them to.
Stay organized!
We all know that chaotic homes mean stressful sellings processes. So why not keep your real estate documents organized and accessible from start to finish? It will make the entire process go smoother, from start to finish. When you’re first starting out in real estate, it can be hard to keep everything straight in your head. So why not try a system that helps you stay on top of everything? Weighing lots of items is one way to do it. But how about keeping everything in one place? That’s what an organized house is all about. An organized house means fewer trips to the doctor’s office, fewer trips to the grocery store and less time spent cleaning up the mess left behind. It means more time to relax and spend time with the people you love.
Take advantage of technology!
We live in an increasingly technology-driven world. From smart phones to laptops, there is always something new to learn about how to use them most effectively. These devices come with thousands of apps, websites and software tools. How are you going to keep up with all of them? The good news is that there are plenty of resources for those who want to learn more about technology. You can access free training videos, podcasts and blogs on various topics related to real estate. You can also look for other professionals who are using technology in their business and ask them questions about their experiences. Real estate is a business, after all, and technology can make your business life easier and more cost-effective, as well as improve your sales prospects.
Conclusion
If you are looking to get back into the real estate business, or are a seasoned real estate professional and want to help others get started, these five tips will help you get started on the right foot. Being successful as a real estate professional is not an easy feat. It takes hard work, determination and a good amount of luck. But with these tips and a bit of luck, you can greatly increase your chances of success.
